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...and pension funds, which own the entire water and sewage business including the holding companies....
...Energy and materials sectors barely feature on its hit list. Real estate and utilities are ignored completely....
...The S&P Global Clean Energy index, which includes clean energy giants such as Ørsted, the wind farm developer, is down almost 60 per cent below its peak in January 2021 at the height of a frenzy over the...
..., make interest payments, fund debt maturities and increase BHE’s reliance on debt”....
...More than half of Thames Water’s debt is index-linked, according to rating agency S&P, burdening it with higher interest repayments as inflation soared over the past 18 months.The utility may also face large...
...for green energy and fossil fuels....
...He has won board seats at utility AEP and airline JetBlue after building large stakes in the companies, and continues to pressure genomics specialist Illumina after ousting some of its directors last year...
...But renewable energy businesses need to borrow to fund big projects that are crucial to their growth....
...The crunchy acronym was coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the...
...Since mid-May, NRG’s shares have risen 47 per cent, compared with a 10 per cent loss for the S&P 500 utilities index. Shares of NRG fell 1 per cent in early trading on Monday....
...By contrast, the oil and gas-heavy S&P 500 Energy Index has added 6 per cent....
...Finding enough renewable energy to fulfil it is. S&P estimates the annual funding gap in renewable energy investment at about $700bn a year to 2050....
...(Myles McCormick) Power Points Chevron has warned “harsh” energy policies in climate conscious California are harming earnings and investment Iberdrola has called off $8.3bn acquisition of US power utility...
...Following a months-long campaign by the hedge fund, the Texas-based utility and power producer parted ways with its chief executive and agreed to overhaul its board....
...The US has its “Magnificent Seven” tech stocks, Japan has its “Seven Samurai” and Europe has the “Granolas”: GSK, Roche, ASML, Nestlé, Novartis, Novo Nordisk, L’Oréal, LVMH, AstraZeneca, SAP and Sanofi....
...The utility, which provides water and sewage services to about 25 per cent of the population in England, has asked shareholders, which include sovereign wealth, private equity and pension funds, to inject...
...Demanding it slash costs and narrow its portfolio, the fund installed two board members — John Wilder, executive chair of Bluescape Energy Partners, with which it had launched the campaign, and Barry Smitherman...
...And, last year, Y Combinator backed HyLight, an autonomous airships operator hired by energy utilities to spot methane leaks from the air....
...However, that would mean waving goodbye to significant sunk costs, and risking its reputation as a reliable developer among utilities and suppliers....
...Stuart Kaiser of Citigroup estimates that these funds have sold $25bn worth of S&P 500 stocks since late August....
...Letter in response to this editorial comment: England’s private utilities struggle to pass l’eau bar / From Steve H Hanke, Professor of Applied Economics, Johns Hopkins University, Baltimore, MD, US...
...The worst-performing sectors of the S&P 500 this year — other than energy, which has been hit by low oil prices — have been utilities, healthcare, and consumer staples....
...None has done better out of Thatcherite liberalisation than private owners of water utilities, including UK pension funds. Thames Water has sprung a cash leak....
...expenditures, and then followed now by energy”....
...The best paper on this is probably Jean-François L’Her, Rossitsa Stoyanova, Kathryn Shaw, William Scott, and Charissa Lai’s paper “A Bottom-Up Approach to the Risk-Adjusted Performance of the Buyout Fund...
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